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Big Pear has 10,000 outstanding bonds. These bonds have a 30-year maturity and $1,000 par value. Their yield to maturity is 8%, they pay interest
Big Pear has 10,000 outstanding bonds. These bonds have a 30-year maturity and $1,000 par value. Their yield to maturity is 8%, they pay interest semiannually, and they sell at a price of $1,226.23. What is the bond's coupon interest rate?
| a. 6% |
| b. 7% |
| c. 8% |
| d. 9% |
| e. 10% |
| f. 5% |
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